Blockchain technology company Blockstream has successfully raised $210 million in funding through a convertible notes round led by Fulgur Ventures. The funds will support Blockstream's Bitcoin infrastructure initiatives, including layer-2 strategies, mining operations, and financial product development. One of Blockstream's key products is the Liquid Network, a Bitcoin sidechain facilitating faster transactions and asset issuances. Over $1.8 billion in assets, including stablecoins and security tokens, have been issued on Liquid. Blockstream also recently launched a security token, BMN2, offering exposure to Bitcoin hashrate. The company aims to raise $50 million for discounted Bitcoin mining equipment. The rise of layer-2 solutions for Bitcoin, like Ordinals protocol, has enhanced network utility. Despite the growing utility of Bitcoin, security concerns remain for second-layer networks. Various layer-2 solutions, such as Lightning Network and Stacks, are being developed to address scalability and transaction speed issues on the Bitcoin blockchain. Read more AI-generated news on: https://app.chaingpt.org/news

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